Policyholder is the individual or entity that owns an insurance policy. As the legal owner, the policyholder is responsible for paying premiums , ensuring the policy remains active, and is typically the person or organization that receives the primary benefits of the coverage.

Being a policyholder comes with certain rights and responsibilities, including:

Premium Payments: The policyholder must pay regular premiums to maintain the policy's active status. Failure to do so may result in a lapse or cancellation of coverage. Policy Management : The policyholder has the authority to make changes, such as updating contact information, adding or removing beneficiaries, and modifying coverage limits. Claims Filing : In the event of a loss, the policyholder is typically responsible for initiating and managing the claims process with the insurance provider. Understanding the Policy: It’s the policyholder’s duty to read and understand the policy’s terms , conditions, and exclusions to ensure the coverage meets their needs.

Individual Policyholder: A person who owns an insurance policy for personal needs, such as auto , health , or homeowners' insurance. Joint Policyholders: Two or more individuals who jointly own an insurance policy, such as a couple sharing a homeowners or life insurance policy. Business Policyholder: A company or organization that owns policies for business needs , such as liability , property, or worker’s compensation insurance.

The policyholder is not always the insured. For example:

In an auto insurance policy, the policyholder might add family members as insured drivers. In a life insurance policy, the policyholder can name someone else as the insured person, with a third party as the beneficiary.

Control Over Coverage: As the policyholder, you have the authority to customize coverage options, ensuring the policy meets your specific needs. Access to Benefits: In many cases, the policyholder is also the insured party, receiving direct financial protection under the policy. Flexibility: Policyholders can adjust their coverage, add riders , or cancel policies if their circumstances change.

Whether you’re in Tempe , Phoenix , Scottsdale , Tucson , Gilbert , or Chandler , having the right insurance coverage is essential to protecting your assets and your peace of mind. As a policyholder, you hold the power to secure coverage that meets your unique needs.

At Riseson Insurance , we’re here to guide policyholders through every step of their insurance journey. From selecting the right policy to understanding your rights and responsibilities, we ensure you’re covered and confident.

Ready to take control of your insurance ? Call Riseson Insurance in Tempe at 602-460-5470 for personalized service and expert advice. Whether you’re a first-time policyholder or looking to optimize your coverage, we’ve got you covered!

Be the policyholder who’s prepared for life’s uncertainties. Partner with Riseson Insurance today!

Roles and Responsibilities of a Policyholder

Types of Policyholders

Policyholder vs. Insured

Benefits of Being a Policyholder

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1. Premium Payments: The policyholder must pay regular premiums to maintain the policy's active status. Failure to do so may result in a lapse or cancellation of coverage.
2. Policy Management : The policyholder has the authority to make changes, such as updating contact information, adding or removing beneficiaries, and modifying coverage limits.
3. Claims Filing : In the event of a loss, the policyholder is typically responsible for initiating and managing the claims process with the insurance provider.
4. Understanding the Policy: It’s the policyholder’s duty to read and understand the policy’s terms , conditions, and exclusions to ensure the coverage meets their needs.

1. Individual Policyholder: A person who owns an insurance policy for personal needs, such as auto , health , or homeowners' insurance.
2. Joint Policyholders: Two or more individuals who jointly own an insurance policy, such as a couple sharing a homeowners or life insurance policy.
3. Business Policyholder: A company or organization that owns policies for business needs , such as liability , property, or worker’s compensation insurance.

• In an auto insurance policy, the policyholder might add family members as insured drivers.
• In a life insurance policy, the policyholder can name someone else as the insured person, with a third party as the beneficiary.

• Control Over Coverage: As the policyholder, you have the authority to customize coverage options, ensuring the policy meets your specific needs.
• Access to Benefits: In many cases, the policyholder is also the insured party, receiving direct financial protection under the policy.
• Flexibility: Policyholders can adjust their coverage, add riders , or cancel policies if their circumstances change.